FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ) Shares Up 1.8% – Time to Buy?

FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ)’s share price rose 1.8% during mid-day trading on Tuesday . The stock traded as high as $13.38 and last traded at $13.37. Approximately 837 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 8,620 shares. The stock had previously closed at $13.14.

FMQQ The Next Frontier Internet & Ecommerce ETF Price Performance

The firm has a market capitalization of $29.15 million, a P/E ratio of 29.24 and a beta of 1.10. The firm’s fifty day moving average price is $13.17 and its 200-day moving average price is $12.58.

Institutional Trading of FMQQ The Next Frontier Internet & Ecommerce ETF

An institutional investor recently raised its position in FMQQ The Next Frontier Internet & Ecommerce ETF stock. Capital Advisors Ltd. LLC raised its holdings in shares of FMQQ The Next Frontier Internet & Ecommerce ETF (NYSEARCA:FMQQ) by 5,326.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,778 shares of the company’s stock after buying an additional 25,303 shares during the period. Capital Advisors Ltd. LLC owned about 1.21% of FMQQ The Next Frontier Internet & Ecommerce ETF worth $311,000 as of its most recent SEC filing.

About FMQQ The Next Frontier Internet & Ecommerce ETF

The FMQQ Next Frontier Internet & Ecommerce ETF (FMQQ) is an exchange-traded fund that is based on the FMQQ index. The fund is a passively managed fund that invests in internet and e-commerce companies from emerging and frontier markets. FMQQ was launched on Sep 28, 2021 and is managed by FMQQ.